Economy

Economy Ryanair faces historic strike action
Author: 0 Ryanair faces historic strike action

An empty Ryanair customer services desk is seen at Dublin airport in Dublin, Ireland September 27, 2017. Derry holidaymakers have been urged to check their flights after Ryanair pilots based in Ireland voted to strike for 24 hours on Thursday, July 12.

Economy Ryanair to cancel up to 30 Ireland - UK flights on Thursday
Author: 0 Ryanair to cancel up to 30 Ireland - UK flights on Thursday

The Irish Air Line Pilots' Association has advised its members to get financial advice "due to the likelihood of industrial action continuing over a prolonged period". It is not known whether Ryanair has accepted Forsa's proposal or not. 'For customers travelling to the United Kingdom we will also be assisting them with alternative transport on comparable operators (both flights and ferries) where there is some limited space available.

Economy Justice Department appeals AT&T-Time Warner merger
Author: 0 Justice Department appeals AT&T-Time Warner merger

Leon, though, also warned against an appeal , writing in his decision "A$3 s my 170-plus page opinion makes clear - I do not believe that the Government has a likelihood of success on the merits of an appeal". A Justice Department win at the appeals level would undo a stinging rebuke for the government and vindicate the decision by the head of the antitrust division, Makan Delrahim, to challenge the Time Warner takeover.

Economy Oil Prices Crash As Libya Resumes Production
Author: 0 Oil Prices Crash As Libya Resumes Production

Turning to recent developments, Libya's National Oil Corporation (NOC) has lifted a force majeure on four major oil ports. This potentially adds to disruptions in other oil producers amid tensions in the Middle East. Trader reaction to this zone will tell us if the buying or selling is greater at current price levels. On similar lines, the oil for delivery in July was trading higher by Rs 63, or 1.25 per cent, at Rs 5,112 per barrel in 7,576 lots.

Economy BC considering all options to replace Greyhound services
Author: 0 BC considering all options to replace Greyhound services

Services will run until the end of October. A drop in ridership in the provinces is the main reason for the cancellation of routes and job cuts at Greyhound, citing declining ridership and increasing costs an "ongoing spiral" that's making it impossible for the company to continue operations.

Economy China says 'bully' United States started a trade war
Author: 0 China says 'bully' United States started a trade war

The data comes as President Trump has ratcheted up a trade war with China and other close American trade partners, including Canada, Mexico and the European Union. After a strong start to the year, growth in China's exports has moderated recently, and is expected to face more pressure from the initial round of USA tariffs.

Economy Brexit Central: Government 'lying to MPs' over Brexit deal
Author: 0 Brexit Central: Government 'lying to MPs' over Brexit deal

The Sun said the interview was conducted Thursday in Brussels, before Trump traveled to Britain. But the plan has infuriated fervent Brexit supporters in May's Conservative Party, who think it would limit Britain's ability to strike new trade deals around the world.

Author: 0 Trump Walks Back NATO Threats, Takes 'Total Credit' For Spending Boost

It's very detailed", Macron said, according to France 24 . Cory Gardner, Colorado Republican, said Thursday that he believes Russian Federation is worthy of being designated a state sponsor of terrorism. Trump told leaders he wanted them all to hit that target by January, prompting consternation. Since 2015, the country has also had a populist right-wing government that supports many of Trump's positions, including his opposition to migration.

Economy What is listeria and why are frozen products being recalled?
Author: 0 What is listeria and why are frozen products being recalled?

The factory is said to be implicated as a likely source of a Listeria outbreak in Europe. "Food safety is of critical importance to Woolworths and we take all issues regarding the production of our food extremely seriously". Consumers should not consume this product and should return it to the place of purchase for a full refund. The products have been available for sale at Woolworths , Aldi , IGA , Campbells and independent grocery stores.

Economy Bank of Canada raises benchmark interest rate to 1.5 per cent
Author: 0 Bank of Canada raises benchmark interest rate to 1.5 per cent

The rate is what banks pay for short-term loans, which affects what consumers pay for things like mortgages, lines of credit and savings accounts. The Bank of Canada has increased its key interest rate by a quarter-point to 1.5 per cent in a move that was widely expected.

Economy Trump Criticizes Pfizer for Raising Drug Prices
Author: 0 Trump Criticizes Pfizer for Raising Drug Prices

President Donald Trump said Pfizer Inc. should be "ashamed" for raising the prices of its pharmaceutical products, rattling shares of the US drug giant on Monday. Pfizer raised list prices on around 40 medicines earlier this month. Earlier this year, Trump predicted that drug companies would voluntarily cut their prices in response to his administration's actions.

Economy Pompeo Accuses Iran of Using Embassies to Plot Europe Terror Attacks
Author: 0 Pompeo Accuses Iran of Using Embassies to Plot Europe Terror Attacks

Without referring to the Trump administration's threat to cut Iranian oil imports to zero by November 4 or face sanctions, the statement said India is a sovereign nation that would choose energy partners on the basis of criteria such as "friendly relations with supplier countries, market factors, geopolitical and geo-economical considerations and potentials and reliability of oil suppliers".

Economy Turkey to Be Transformed as Erdogan Sworn in With Vastly Expanded Powers
Author: 0 Turkey to Be Transformed as Erdogan Sworn in With Vastly Expanded Powers

Erdoğan took the oath of office in a ceremony in the Grand National Assembly, the culmination of almost a decade of political activism to transform the country's parliamentary democracy into a presidential system. In particular, the departure of former Merrill Lynch banker Mehmet Simsek , who served as deputy prime minister, has raised concerns about the lack of influencers who can monitor Erdogan's policies.

Author: 0 Bank of Canada raises rates, says more hikes to come

Poloz also signaled he was comfortable with how financial markets were interpreting the central bank's message, noting the hike was "highly anticipated". The Bank estimates that underlying wage growth is running at about 2.3 per cent, slower than would be expected in a labour market with no slack. The country's inflation rate is expected to rise as high as 2.5% - above the 2% mid-point of the bank's target range - due to temporary factors such as higher gasoline prices.

Economy China warns U.S. 'opening fire' on world with tariff threats
Author: 0 China warns U.S. 'opening fire' on world with tariff threats

President Donald Trump's trade war with China kicked off on Friday, when the United States started applying 25 percent in tariffs on $35 billion worth of Chinese imports and China fired back with taxes on the same amount of USA goods. exports. The tariffs on the European Union went into force on June 1. President Trump , meanwhile, has doubled down on what he calls a Chinese/U.S.

Economy Iran says Trump 'destabilising' oil market
Author: 0 Iran says Trump 'destabilising' oil market

Trump has accused the Organisation of the Petroleum Exporting Countries in recent weeks of driving gasoline prices higher and urged the group to do more. West Texas Intermediate crude was trading just under $74 per barrel Friday, and Brent was at about $77 per barrel. US West Texas Intermediate crude futures ended 21 cents lower at $65.74 a barrel.

Economy US May List Tariffs On $200 Billion More Chinese Products
Author: 0 US May List Tariffs On $200 Billion More Chinese Products

Mr Trump said last week that the United States may ultimately impose tariffs on more than $500 billion worth of Chinese goods - roughly equivalent to the value of all U.S. Some U.S. business groups and senior lawmakers sharply criticized the latest action on Tuesday, with Senate Finance Committee Chairman Orrin Hatch, a Republican, saying it "appears reckless and is not a targeted approach".

Economy Erdogan flexes his new muscle with a cabinet of arch-loyalists
Author: 0 Erdogan flexes his new muscle with a cabinet of arch-loyalists

He told the Turkish President that he would be sending the Minister of the Federal Capital Territory, Abuja, Muhammed Bello, to represent him. Under the new decree, the president will decide on the promotion of top officers, including colonels, brigadier generals, rear admirals, generals and admirals, in the Turkish Armed Forces (TSK).

Economy Eurosceptic British ministers quit in blow to May's plan — BREXIT
Author: 0 Eurosceptic British ministers quit in blow to May's plan — BREXIT

EU officials are impatient to hear detailed proposals from Britain for how that can be achieved, given May's insistence that Britain will leave the EU's customs union. Meanwhile, it emerged that Foreign Secretary Boris Johnson backed the proposals at Chequers despite claiming that defending the plans was like "polishing a turd".

Economy Region's unemployment rate up
Author: 0 Region's unemployment rate up

The employed workforce rose from 85,000 in May to 85,400 in June, but there were more people looking for work, with the labour force participation rate rising from 66 per cent to 66.2 per cent. In addition, in June, Canada added 9100 jobs full-time and 22 700 positions part-time. The public sector gained 11,800 jobs and the private sector lost 2,000.

Economy U.S. oil price rises after sharp decline
Author: 0 U.S. oil price rises after sharp decline

Brent, the global benchmark, rose 1.3% to $78.13. West Texas Intermediate rose 61 cents to settle at $73.55, while Brent declined by 39 cents to $77 per barrel. The potential trade war between the U.S. and China comes amid a tight oil market. The tightness at Cushing and the potential increase in Gulf exports "both have implications for how quickly the prompt overhang in the market can clear, and thus provide some direction for prices", Chauhan said.

Economy Trade war unleashed, officially: Trump takes aim at $500 bn Chinese goods
Author: 0 Trade war unleashed, officially: Trump takes aim at $500 bn Chinese goods

Beijing's commerce ministry, in a statement shortly after the USA deadline passed on Friday, said the world's No. 2 economy was forced to retaliate by placing jacked-up 25 percent tariffs on U.S. "Such inconsistent information will leave many investors confused", said Zhu Hong, minister-counsellor for economic and commercial affairs at China's embassy in the United States .

Economy British PM appoints Dominic Raab new Brexit minister
Author: 0 British PM appoints Dominic Raab new Brexit minister

Davis did not urge other ministers to resign, saying he was in a unique position because the Brexit secretary's job is to sell the government's policy. Denying that he wanted to unseat the prime minister, he said he would now "argue for being as firm as possible". The midnight resignation came as a shock to British politics, exposing May to challenge by Conservative Party members outraged over what they see as her plan to secure a "soft Brexit" that keeps Britain tied to many rules and ...

Economy Starbucks, citing environment, is ditching plastic straws
Author: 0 Starbucks, citing environment, is ditching plastic straws

At Starbucks, executives said the efforts are part of a $10 million plan to develop cups and lids that are fully recyclable and compostable. Plastic straws contribute to ocean pollution and pose a danger to marine life. As Fast Company reported, plastic straws have been banned or are planned to be banned by Alaska Airlines and McDonald's U.K., as well as in Vancouver, the U.K., Taiwan, Seattle, Miami Beach, and in California cities such as Oakland and Berkeley, to name a few.

Economy THE FINAL STRAW: Seattle Bans Plastic Straws, Knives, Forks
Author: 0 THE FINAL STRAW: Seattle Bans Plastic Straws, Knives, Forks

Neither are plastic utensils in the latest push to reduce waste and prevent marine plastic pollution. Restaurants and businesses like food trucks and grocery stores may provide compostable plastic or paper straws on request, and flexible plastic straws will still be available for customers with a medical necessity, according to the Seattle Times .

Economy Watch Elon Musk's Thai Cave rescue submarine in action
Author: 0 Watch Elon Musk's Thai Cave rescue submarine in action

Though four boys have been rescued as of Sunday night, the mission to extract the rest could take two to four days depending on the conditions in the cave. Rescue teams had installed a static rope along the dive path, giving the boys a guide, and experienced divers were reportedly positioned at various points along the way for assistance.

Economy Mark Zuckerberg Becomes World's Third Richest Person as Facebook Stock Soars
Author: 0 Mark Zuckerberg Becomes World's Third Richest Person as Facebook Stock Soars

Warren Buffett , chairman and CEO of Berkshire Hathaway, meanwhile, has a net worth of about $81.1 billion. Almost all of Zuckerberg's wealth is tied up in the shares and last week's spike inched him past Buffett ($81.2bn), according to the Bloomberg Billionaires Index , though he still lags behind Amazon's Jeff Bezos ($141bn) and Microsoft's Bill Gates ($93bn).

Economy Netflix Starts Testing A New Ultra Subscription Tier For $17 A Month
Author: 0 Netflix Starts Testing A New Ultra Subscription Tier For $17 A Month

Netflix said only a subset of users will be shown the higher-priced options in the Ultra trial, and they may not decide to go forward with it after the tests. The new plans are being tested in Europe. But more likely there will be many homes wanting the stream on up to four devices and need to move up to the Ultra plan for that alone.

Economy Three Takeaways From the June Jobs Report: Mohamed A. El-Erian
Author: 0 Three Takeaways From the June Jobs Report: Mohamed A. El-Erian

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.5 hours in June. "Despite ongoing concerns about being on the brink of a trade war, today's jobs report shows the continued strength of the economic recovery in the USA", said Tony Bedikian, head of global markets at Citizens Bank.

Author: 0 Hispanic Unemployment Reaches Record Low, Media Praise Labor Force Rate

Analysts said the June employment report gave comfort to Federal Reserve officials that steady hiring in the labor market would not trigger too much inflation worry for the moment. The percentage of unemployment attributable to voluntary quits fell to 12.4 percent, more than reversing a big jump reported in May. The long-in-the-tooth nature of the current boom cycle, generally rising interest rates and foreign trade conflicts are among the reasons investors have been leaving major ...

Economy Investors on alert even as Wall Street shrugs off tariffs
Author: 0 Investors on alert even as Wall Street shrugs off tariffs

A trade war between China and the USA - the world's largest economies - began on Friday as the two sides started slapping additional tariffs on each other's goods, worth almost $70 billion, a development that could impede global economic recovery.

Economy 'Reduce Pricing Now': Trump's Complicated Relationship with OPEC Countries
Author: 0 'Reduce Pricing Now': Trump's Complicated Relationship with OPEC Countries

He added, "This must be a two way street". Trump's scramble to slow down the oil rally comes four months ahead of USA midterms, where analysts say rising gasoline prices could hurt Republicans. Now that prices have rebounded from a low of $30 a barrel in January 2016 to about $75, OPEC and other exporters led by Russian Federation have agreed to slowly increase exports by what will effectively be 700,000 barrels a day now, with another half million barrels later in the year as sanctions ...

Economy China immediately retaliates with tariffs on $34 billion in USA products
Author: 0 China immediately retaliates with tariffs on $34 billion in USA products

China also promised that it would respond with trade restrictions of its own to counteract Trump's decision. Beijing has accused the U.S. of "firing on the whole world" with the measures, pointing out that most of the Chinese exports under attack are largely made by companies with foreign investment - including from America.